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Tennessee American Water Receives Approval from the Tennessee Regulatory Authority for 2016 Infrastructure Surcharge
Dateline City:
CHATTANOOGA, Tenn.
Covers Projects to Improve Community Water System
The Tennessee Regulatory Authority (TRA) has approved the infrastructure
surcharge for 2016 Tennessee American Water projects that improve the
community’s water system. The surcharge is used to recover the costs
associated with renewing and replacing pipes, meeting ever-stringent
Environmental Protection Agency (EPA) requirements and supporting local
economic projects like putting in new pipes for job- creating business
sites.
“Our customers play an important role because each time they make a
water payment, they help to make critical improvements to our water
system,” said President of Tennessee American Water Valoria Armstrong.
“We plan these projects based on greatest need, balanced by the price
our customers pay. We are also very careful to manage our costs by
operating as efficiently as possible.”
Infrastructure capital projects planned for 2016 total almost $15
million. The largest capital infrastructure project is an $8.6 million
renovation of a sedimentation basin at the Citico Water Treatment Plant.
Currently under construction, the renovation of the basin ensures
Tennessee American Water continues to meet all state and federal
drinking water standards.
The approved surcharge is a 4.66 percent increase applied to all water
charges and appears as the “Capital Recovery Riders” line item on a
customer’s bill. It is effective beginning March 15. This represents a
$1.00 monthly increase on the average City of Chattanooga residential
customer bill and allows Tennessee American Water to ensure continued
investment in local water systems while reducing the possibility of
large rate increases.
According to the American Society of Civil Engineers 2013 “Report Card”
on water infrastructure, there are $3.5 billion in needs over the next
20 years to renew and replace water infrastructure in Tennessee.
Tennessee American Water will host a Waterfest where residents are
invited to see first-hand the basin project and learn more about the
water cleaning process. This free community event will take place on
July 12, from 6 to 8 p.m.
ABOUT TENNESSEE AMERICAN WATER
Tennessee American Water, a subsidiary of American Water (NYSE: AWK),
is the largest investor-owned water utility in the state, providing
high-quality and reliable water services to approximately 390,000 people
in Tennessee and northern Georgia. American Water is the largest and
most geographically diverse publicly traded U.S. water and wastewater
utility company. Marking its 130
th
anniversary
this year, the company employs 6,700 dedicated professionals who
provide regulated and market-based drinking water, wastewater and other
related services to an estimated 15 million people in 47 states and
Ontario, Canada. More information can be found by visiting
www.amwater.com
.
Language:
English
Contact:
Tennessee American Water
Daphne Kirksey, External Affairs Manager
o: 423.771.4750
c: 423.413.8419
daphne.kirksey@amwater.com
Ticker Slug:
Ticker: AWK Exchange: NYSE
Covers Projects to Improve Community Water System
The Tennessee Regulatory Authority (TRA) has approved the infrastructure surcharge for 2016 Tennessee American Water projects that improve the community’s water system. The surcharge is used to recover the costs associated with renewing and replacing pipes, meeting ever-stringent Environmental Protection Agency (EPA) requirements and supporting local economic projects like putting in new pipes for job- creating business sites.
“Our customers play an important role because each time they make a water payment, they help to make critical improvements to our water system,” said President of Tennessee American Water Valoria Armstrong. “We plan these projects based on greatest need, balanced by the price our customers pay. We are also very careful to manage our costs by operating as efficiently as possible.”
Infrastructure capital projects planned for 2016 total almost $15 million. The largest capital infrastructure project is an $8.6 million renovation of a sedimentation basin at the Citico Water Treatment Plant. Currently under construction, the renovation of the basin ensures Tennessee American Water continues to meet all state and federal drinking water standards.
The approved surcharge is a 4.66 percent increase applied to all water charges and appears as the “Capital Recovery Riders” line item on a customer’s bill. It is effective beginning March 15. This represents a $1.00 monthly increase on the average City of Chattanooga residential customer bill and allows Tennessee American Water to ensure continued investment in local water systems while reducing the possibility of large rate increases.
According to the American Society of Civil Engineers 2013 “Report Card” on water infrastructure, there are $3.5 billion in needs over the next 20 years to renew and replace water infrastructure in Tennessee.
Tennessee American Water will host a Waterfest where residents are invited to see first-hand the basin project and learn more about the water cleaning process. This free community event will take place on July 12, from 6 to 8 p.m.
ABOUT TENNESSEE AMERICAN WATER
Tennessee American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water services to approximately 390,000 people in Tennessee and northern Georgia. American Water is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. Marking its 130 th anniversary this year, the company employs 6,700 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found by visiting www.amwater.com .
Tennessee American Water
Daphne Kirksey, External Affairs Manager
o: 423.771.4750
c: 423.413.8419
daphne.kirksey@amwater.com